UPDATE : EFCC Drags Buhari’s Ex-Minister Hadi Sirika, Daughter To CourtTinubu Returns To Abuja After Two Weeks In EuropeFIRS hosts ATAF council meeting in Lagos, Adedeji tasks African tax administrators on local solutionsCadbury Nigeria’s Q1 revenue increases by 43%.Six Senior NSCDC Officers interrogated Over Alleged N6bn Fraud
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Category: Economy and Capital Markets
Nigeria Goverment to remove Naira from P2P trading platforms
The President Bola Tinubu-led federal government has declared that it will take the naira off of all peer-to-peer (P2P) exchanges. During a virtual conference with blockchain stakeholders on Monday, Emomotimi…
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Banks’ loans to private sector, govt decline by N24tr in March – CBN
The Central Bank of Nigeria, CBN, has said that banks loans to the private sector and the government declined by N24t trillion in March this year. In a money…
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OPay Bans Cryptocurrency, Other Virtual Currency Trading
Nigerian fintech companies have warned their customers against trading in crypto currency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities. At…
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Dangote cement export of clinker, cement increased by 87.2%
Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and Cameroon and that the export, for the first quarter of…
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Dangote Cement Doubled Sales To N817.4b In Three Months
Africa’s largest cement group, Dangote Cement Plc, doubled its sales in the first quarter as pre-tax profit rose to N166.4 billion within the first three months. Key extracts of the…
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Dangote Petroleum Refinery Crashes Diesel and Aviation Fuel Prices to N940 and N980, Respectively
Dangote Petroleum Refinery has, again, announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively. This is coming in…
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Naira tumbles to N1,234/$ at official market, speculators resume hoarding
The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.…
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Nigerian Breweries : Consumers no longer able to afford beer
Nigerian Breweries has vowed to remain consumer focused despite the economic headwinds which saw the brewery giant recording some upsets in its financials in the year end results. Speaking during…
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More Relief As Dangote crashes Diesel price to N1,000 per litre
The Dangote Petroleum Refinery has announced a reduction in the price of Automotive Gas Oil, popularly called diesel, from N1,200/litre to N1,000/litre. It announced this in a statement issued on…
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Excitement As Nigeria’s Naira Sustains Rally at parallel market
The Nigerian naira has strengthened further across the foreign exchange (forex) markets amid expectations that the national currency will continue to gain weight in the period ahead. At the Nigerian…
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